Sandhill, Mississippi Property Taxes
The median property tax rate in Sandhill, MS is 1.21%, which is higher than the national median of 0.99% but lower than the Mississippi state median of 1.31%. With the median home value in Sandhill at $21,675, the typical annual property tax bill is $249, significantly below the national median of $2,690. Property taxes in Sandhill are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Sandhill's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sandhill or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sandhill, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$262
$243
Ownwell’s SANDHILL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SANDHILL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SANDHILL to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sandhill, Mississippi
Property taxes in Sandhill, Mississippi, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sandhill is 0.81%, lower than both the Mississippi state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Sandhill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sandhill estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Sandhill's effective property tax rate to other counties in Mississippi and the national median. For comparison, the 39161 zip code has the highest median property tax rate of 0.81%, while the 39161 zip code has the lowest median tax rate of 0.81%. Understanding how these cities compare with Sandhill provides valuable insights into the varying tax landscape across Rankin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sandhill Tax Rate
1.21%
Average Rankin County Tax Rate
0.91%
Average Mississippi Tax Rate
1.31%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sandhill, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39161 | 0.97% | 1.06% | 1.21% | 1.37% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Sandhill, Mississippi
In Sandhill, Mississippi, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Rankin County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Sandhill, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Sandhill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 39161 has the highest median tax bill at $249.00, which is also the lowest median tax bill in the area.
Average Sandhill Assessed Value
$21,675
Average Rankin County Assessed Value
$136,735
Average Mississippi Assessed Value
$68,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sandhill, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39161 | $17,935 | $19,338 | $21,675 | $24,012 | $25,415 |
Source: Ownwell
Property Tax Bills Across Sandhill, Mississippi
In Sandhill, Rankin County, MS, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For instance, with a median home price of $21,675, the tax bills in Sandhill range from the 25th percentile at $244 to the 90th percentile at $256. This modest range reflects the relatively low property tax burden in the area, especially when compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the home's market value, assessment ratio, and local tax rate. Homeowners in Sandhill benefit from these lower tax rates, which can make homeownership more affordable and financially manageable. However, even slight changes in property values or tax rates can impact the annual tax bill, making it essential for homeowners to stay informed about local property tax trends.
Average Sandhill Tax Bill
$249
Average Rankin County Tax Bill
$1,263
Average Mississippi Tax Bill
$854
Average United States Tax Bill
$2,690
Property Tax Bills Across Sandhill, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39161 | $242 | $244 | $249 | $254 | $256 |
Source: Ownwell